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The US Dollar is Getting SMOKED

And the title might be an understatement. The US Dollar as measured by the commonly referred to US Dollar Index is trading at levels unseen since January 2014, some seven years ago:

Chart from Investing.com

The culprits are across the board as illustrated by this chart of the Japanese Yen vs. the dollar:

Chart from Investing.com

Without a coordinated international central bank intervention, which is unlikely, the US Dollar is well on its way to breaking below the 88 level and possibly heading straight back down to the 2010-2012 lows. A dangerous proposition considering the insane Modern Monetary Theorists who are coming to power in Washington, D.C.

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